Big Banks Are Accused Of CDS Market Manipulation Scheme
Major Wall Street banks have taken part in a more than decadelong, multibillion-dollar scheme to manipulate the benchmark prices used to value credit default swap contracts at settlement, New Mexico's State Investment Council has alleged in a new proposed antitrust class action.
Citi, JPM Get Nod For $182.5M Euribor Settlement Payout
A Manhattan federal judge on Friday approved a $182.5 million settlement between JPMorgan Chase & Co., Citigroup and investors who accuse the two megabanks of rigging a key euro rate, signing off also on a roughly $36 million haul for plaintiffs’ firms that brought the antitrust class action.
Kirby McInerney Announces Landmark Appellate Decision Against Moody’s in a False Claims Act Case
Kirby McInerney LLP has obtained a groundbreaking appellate decision against Moody’s Corporation, certain of its affiliates, and Marsh & McLennan Companies, Inc. under the New York State False Claims Act.
Kirby McInerney Announces Settlement of Tax Whistleblower Case against Spa Castle
Kirby McInerney LLP has secured a $2.5 million recovery for the State of New York in a tax whistleblower action brought against the famed spa organization Spa Castle and the family that owns it. Today, New York Attorney General Barbara Underwood announced the settlement and associated criminal pleas by defendants in the case.
3rd Circuit rules banks can’t push clients out of FINRA arbitration, breaks with 2nd, 9th
Kirby McInerney Partner Mark Strauss is quoted in this article about the Third Circuit’s recent decision that banks can’t push clients out of FINRA arbitration.
Kirby McInerney LLP Announces $19,975,000 “ice-breaker” Settlement with Barclays Bank PLC
In what is aptly described as an “ice-breaker” settlement in the amount of $19,975,000 on behalf of a class of traders of Eurodollar futures and options contracts, which entered transaction on exchanges such as the Chicago Mercantile Exchange, law firm Kirby McInerney LLP has reached a $19,975,000 settlement with Barclays Bank PLC over its unlawful manipulation of U.S. Dollar LIBOR, a key benchmark interest rate.